market cap is a meaningless number
Its not entirely meaningless. It may not be entirely accurate, buts not stick our heads in the sand.
Every day, ethereum is gaining users, and Bitcoin is losing too many because our network cant scale
and is losing utility.
Meh. Not real users. Rage quitters, traders, hedgers, gamers. They ll come back because of the real scarcity.
The potential higher velocity of ETH is bad for the monetary value. But even this can collapse once ETH scaling is reached as well..
I hope you're right, but no harm in staying vigilant here --- this is no time to rest on our laurels.